Investors are going to have to be much more realistic in terms of what they expect in returns. They're getting a bucket of cold water thrown on them.
All of them better look to this kind of disclosure.
Anything that suggests the possibility of favoritism really begins to work against the public confidence.
Most people could benefit from the help of some sort of trained adviser, ... do more to confuse than help.
If those funds have a good, long-term record, you can stay within a fund family.
The funds are trying to break out from a very crowded marketplace.
It's like watching a peep show. Do you want to watch a portfolio manager pick his nose 24 hours a day? It's a gimmick.
The public has a short-term memory.
Everybody is scrambling to build alliances and set up distribution channels.
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